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Analysts expect that market sentiment may recover in the second half as earlier pledges to boost confidence by the government may take some time to take effect.

Analysts said Broadcom can still build heft through smaller deals. And it could have an easier time buying US targets if it goes through with plans to redomicile in the United States.

Andrew McAfee, best-selling author and co-founder of the Massachusetts Institute of Technology's Initiative on the Digital Economy, said developments in data, algorithms, networks, cloud, and digital hardware have unleashed a wave of innovation that is "rewriting the business playbook" at the Intel Shift 2017 event in New York on Tuesday. Paul Welitzkin/China Daily

Analysts attributed the improved performance of steel, non-ferrous metal and other cyclical sectors to the country's supply-side structural reform, which, aimed at downsizing saturated industries and economic rebalancing, has prompted a rebound in commodity prices.

An overall strategic plan for the expo is expected to include seven competitive sections. Various kinds of potted plants are included－for example, peonies, roses, orchids and landscape plants－for display in the exhibition, Jiang Zehui, chairman of the China Flower Association, said at a news conference on Wednesday.